WARNING!!! This post contains an abundance of honesty!
The "new" post-pandemic economy will be vastly different. It will or should likely be even more "digitally" focused... tele-health, online learning, gig and freelance contracts, etc.
AND we are ALL going to be in it together...
WHETHER YOU WANT TO OR NOT!
It will also become even more precarious for employees as multi-national corporations AND LOCAL business attempt to adjust to a protracted recessionary global consumption-driven marketplace.
Government response is, and will continue to be, tax cuts, increased subsidies, interest free loans and outright bailouts to corporate interests in many of not all the "affected" industries and businesses.
They, the government (off all stripes, flavors and persuasions) will claim that they "have to" to this out of necessity... in order to "protect and make whole" the JOB CREATORS".
This is at best either, fundamentally flawed... or at worst, intentional bullshite!
Businesses DO NOT "create" jobs!
What creates jobs is "demand" for products and services... the demand that comes from CUSTOMERS; those people who are ready, willing AND ABLE to pay for those goods and services... which providers WILL supply.
It is also a widely accepted belief/justification that businesses pay taxes..
This is so deeply flawed that I'll not only say it again: businesses DO NOT pay taxes... but i will prove it!
Taxes are simply one more business input cost... and the very nature of "business" DEMANDS that ALL business input COSTS are PASSED ON TO CONSUMERS!
Just like the cost for materials, advertising, transportation, wages, etc... taxes, all of them, be it employment, income, sales or other tax, fee, or charge... ALL go into the make-up of the price a business charges to their customer... as well as (almost) always a "healthy" profit component... for EVERY SINGLE product or service.
At best, businesses could more accurately be described as tax "collectors" or facilitators. Even the federal AND provincial governments recognize, but rarely acknowledge, this primary function of business: why else are/were business actually being paid to collect things like PST/GST in the form of a percentage discount of amounts of tax collected?
Business has another massive advantage... they get to deduct ALL their costs (of operations) before they even begin to calculate any tax that might be owing... it is why high revenue, massive corporations, like Amazon, Apple, Bombardier, Irving, etc can have millions or even billions of dollars of sales revenue from a multitude of soutrces... and pay little to no actual "income" tax.
On the other hand, ordinary, everyday employees... including of those very same companies, are left to pay their own necessary "operational cost" out of what is left of their,
many times minimum wage paychecks...
but ONLY AFTER ALL those various taxes are collected, and held, by those same businesses... IN ADVANCE!
There is a much better way... and the best time to embrace the coming transition to what WILL BE THE NEW REALITY is right now!
Would you be willing...
to prepare for it, rather than
simply react to having it
inposed on you?
Share if you care, please.